The Home Loan Expert Home Loan & Mortgage Rates
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Every year, the FHA updates the FHA Loan limit depending on changes in all the above factors for different states and counties. We use FHA to offer refinancing as well, with half of our refinancing that we now do is through FHA Loans. They allow the borrower to get a mortgage on up to 97.5 percent of the home’s value instead of topping out at 90-95% for a conventional loan. Established in 1934 during the Great Depression, when the housing market drastically decreased as a result of the banks failing. Large down payment requirements of 30-50%, and short mortgage periods of five to 10 years meant that home ownership was out of reach for working class families. Our mission is to switch the confusing, inaccessible nature of home loans with affordable, accessible loan products and consultations.
They also may be subtly affiliated with specific mortgage lenders and push you to choose those ones. People’s Home Equity originated in Nashville, Tennessee, but has offices all over the country — including Chicago. The company has decades of experience in the lending game, priding itself on offering personalized home loan solutions for every customer.
Reverse Lead Club, LLC
As the next-door neighbor to our home base in St. Louis, Illinois has helped us grow tremendously as a company—which is why we want to give back to this beautiful state. Today, we’re partnered with several charities across Illinois, and have our sights set on becoming Illinois’s biggest lender. In the meantime, if you're a loan officer, claim your profile to get started. Graduated Mortgage Payment with increased monthly payments over time; Graduated Equity Payments with increased principal monthly payments over time.
YP - The Real Yellow PagesSM - helps you find the right local businesses to meet your specific needs. Search results are sorted by a combination of factors to give you a set of choices in response to your search criteria. YP advertisers receive higher placement in the default ordering of search results and may appear in sponsored listings on the top, side, or bottom of the search results page. EClick Lending is headquartered in Oakbrook Terrace, Illinois, but the company services its customers completely online. This brokerage uses advanced technology to find efficiencies in the brokerage process, helping clients find realistic loans fast.
Chicago Home Remodeling Experts
The Home Loan Expert has staff all over the country, including in Chicago. Choosing us as an Illinois mortgage and home loans company offers a local, tailored experience — with the low interest rates and benefits of a big-time lender. A mortgage should be stable and reliable, which we offer our esteemed borrowers. Every single one of our home equity loans comes with unparalleled service from our dedicated consultants. We don’t pass the buck to brokers, other mortgage companies, or lenders. We’ll walk you through the process from the moment you contact us to the day you take possession of your home.
As a direct mortgage lender, James Hampton streamlines the home loan process from start to finish. Loan officer detail pages give you insights into a loan officer's business. Learn about their transactions mix, product mix, where they do their business, and how their production trends. Most real estate agents will not show your properties till they are sure you are pre-approved for a mortgage. Areas with lower costs have a “floor” limit which is lower than average, while higher-cost areas have a “ceiling” limit that is higher than average. Otherwise, the FHA Loan limit is typically 115% of the median price of a state or city’s average home, provided the amount is before the area’s ceiling and floor limits.
Loan Approval*
Hero.Loan is the hottest loan program on the market right now. The VA loan program pioneered by The Home Loan Expert team has helped hundreds of veterans, active servicemen and women and their families buy or refinance the home of their dreams. The Home Loan Expert team has long been a huge supporter of the military and with the Hero Loan, we are really able to give them something special. Our customer-first approach to mortgages is what separates us from the competition.
Once the FHA was established, and with the granting of FHA-secured loans, down payment requirements went down, and the mortgage lifespan grew to years. Since 1934, the FHA has insured over 50 million mortgages throughout the U.S., and is the largest mortgage insurer in the world. Molitor Financial Group is a boutique mortgage brokerage group with Chicago and Champaign brick-and-mortar locations. They help you secure government-backed mortgages like VA Loans, USDA Loans, and FHA Loans, along with conventional mortgages.
Hampton has more than 21 years of experience as a senior home lending advisor. He specializes in lending to self-employed clients, low-to-moderate income lending programs, first-time homebuyer programs, and conforming and jumbo loans. St. Louis-based business The Home Loan Expert is one of the nation’s fastest growing mortgage companies and has signed 8 new loan officers in the last year alone.
Mortgage Banker with over 17 years in Financial Services specializing in residential financing for purchases, refinances, renovation and construction loans. We are a mortgage lender fully licensed in the states of IL and FL serving first-time home-buyers as well as home-buyers with prior experience. If you have any scenarios or questions on the process please let me know. If you’re a senior, you might struggle to find retirement options if you don’t have a solid pension plan. The Home Equity Conversion Mortgage is a reverse mortgage that offers mortgage payments to the applicant in exchange for equity in their home.
All information such as interest rates, taxes, insurance, PMI payments, etc. are estimates and should be used for comparison only. The Home Loan Expert, LLC does not guarantee any of the information obtained by this calculator. Here at The Home Loan Expert, we offer countless mortgage loan types to fit every financial situation.
Payments specifically over time to gain more equity in your home faster. We want to make our borrowers more informed throughout the mortgage process. Calculators are invaluable tools to help you feel confident about your home loan.
When you have your list of loan officers you can sort by volume, units, company and Modex Score. One of our Chicago office’s main talents is finding the perfect debt consolidation loan. As the value of homes rises, using your home’s value to put cash in your account has never been a better idea, so you can stop paying those crazy credit card rates. Call our Chicagoland office today or apply now to take advantage of these rates.
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